Proposed Tax Legislation Would Bury Taxpayers with New Local Option Taxes and Massive Tax Shifts: Voter Approval Not Required
April 4, 2008
This week a small group of State Representatives introduced House File 2671, a massive revision of city government finances that would create numerous additional sources of city government revenue and, if passed, would shift tax burdens onto the backs of mid- and low-income taxpayers in an attempt to provide tax relief for commercial property owners.
Make no mistake, Iowans for Tax Relief SUPPORTS efforts to reduce property taxes on commercial and industrial property. However, we strongly OPPOSE efforts to raise taxes on one group of taxpayers in order to reduce taxes on others. This "rob Peter to pay Paul" approach to tax reform simply shifts tax burdens and does nothing to limit the growth of local government or actually reduce local government tax burdens in any meaningful way.
Proposed Tax Legislation Would Bury Taxpayers with New Local Option Taxes and Massive Tax Shifts: Voter Approval Not Required